The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-04-24
EXCITED CHARLESTON.
Preparing for the Calhoun Monument
Ceremonies.

Ceremonies.
CHARLESTON. April 23.-The old "City by
the Sea- is just now III a flutter of excite
ment over the important events that are up
pointed to come off within the next few
DAYS. The central event is, of course, the
unwilling of the great Calhoun monument,
built by the ladies of Carolina after long
waiting and in spite of many obstacles.
| There has been some delay in mapping ont
the programme, a delay which at one
time threatened to prevent any
thing like a general Observance of
the day by the people OF the entire State,
and which indeed did place the railroads at
some inconvenience i'll arranging their
schedules and fixing rates, but after no end
OF newspaper discussion things are put iii
shape, and the programme of the procession
and of the ceremonies have been announced
The militia of the Statc-''horse foot and
Dragons, will be here on April 20, and
our country cousins are also expected to
come down and "jOn in the procession, -
which is expected TO be the largest that has
been seen in Charleston since the funeral Of
Jom {. Calhoun, thirty-tiye years ago
TRYING TO GET UP A BOOM.
Charleston has been tryinavery hard of
late to get up something hksan industrial
boom SO as to follow the Southern fashion,
the article presented by Birmingham, Besse-
ner, Chattanooga and other iron cities,
Charleston has IN fact made considerable
progress i'll the development of sundry small
industries which may lead to larger things
and more important developments. Since
the first of the current year quite a number
OF new enterprises have been inaugurated
Among these are a new savings bank and a
new loan association. q company for the
Ia Ia 1n11+ fAf t-I nd l,,,.s
ness on a considerable scale, canning fac
tory, shirt factory, a land and stock COM
pany which VIII devote itself to the devel-
Opment of the rich and fertile wlds of
Berkeley county, where thousands of acres
of land have been forfeited to the State
for the rev payment of bonds; and finally
4 project has been started for the formation
OF the Charleston Land Improvement Com
pany, the exact objects of which are not
very clearly stated as yet, but which are
promised in a short time. The annual meet
ing of the Charleston Cotton Mill Company
which takes place early in May, promises to
bring up lively fight. The original CAPT
tai Of the mill was $500 900, and when the
building was completed and the machinery
put IN the STOCK commanded par. Soon
after it commenced operations, however, il
was decided to bond the mill for $4,000
This, Of course, was done by the stockhold-
fatal mistake they had made.
a DROP IN THE STOCK.
The stock is no down to SlS share, and
the stockholders are beginning to "kick"
The annual reports, such as were made pub
lie, always spoke in the most hopeful terms
of the future of the mill, and yet the stock
kept going down and down. AT the last
meeting q committee OF stockholders was
appointed to investigate the affairs of the
anil. This committee has prepared its re
port and has had it printed. 1t charges
Cne grossasJ kind Of Inismanagement and IN
competency on the part of the officers, and
ii is said VIII be made the basis of an effort
TO reorganize the management of the mill
entirely. About Oue-half of the stock is held
by Northern capitalists. When the project
started, however, a very large
number of Charleston people of moderate
means were induced to subscribe for one.
two or five shares. These have, however,
long since been frozen out, and most of the
stock is now held in large sections. The OPP
position to the present directors seem to be
confident of their ability to run the mill
upon paying basis.